Consent Required for Transfer of Shares or Transfer Restricted Securities Sample Clauses

Consent Required for Transfer of Shares or Transfer Restricted Securities. No share or other transfer restricted security may be sold, transferred or otherwise disposed of without the consent of the directors and the directors are not required to give any reason for refusing to consent to any such sale, transfer or other disposition.
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Consent Required for Transfer of Shares or Transfer Restricted Securities. No share or other transfer restricted security of the Company may be transferred without the previous consent of the directors expressed by a resolution of the board of directors and the directors are not required to give reasons for refusing to consent to such proposed transfer. The foregoing provision does not apply if and for so long as the Company is a public company or a pre-existing reporting company which has the Statutory Reporting Company Provisions as part of its articles or to which the Statutory Reporting Company Provisions apply. SCHEDULE C ARTICLES UPON CONTINUANCE See attached. ACREAGE HOLDINGS, INC. (the “Company”) The attached are the Articles of the Company pursuant to Section 302(i)(c) of the Business Corporations Act (British Columbia) following the continuance of the Company into British Columbia on ●, 2018. Full name and signature of a director Date of Signing Signature Name of Director: ●, 2018 Incorporation Number: ● ACREAGE HOLDINGS, INC. (THE “COMPANY”) ARTICLES ARTICLE 1 - INTERPRETATION 1 ARTICLE 2 - SHARES AND SHARE CERTIFICATES 2 ARTICLE 3 - ISSUE OF SHARES 3 ARTICLE 4 - SHARE REGISTERS 4 ARTICLE 5 - SHARE TRANSFERS 5 ARTICLE 6 - TRANSMISSION OF SHARES 6 ARTICLE 7 - PURCHASE OF SHARES 6 ARTICLE 8 - BORROWING POWERS 7 ARTICLE 9 - ALTERATIONS 7 ARTICLE 10 - MEETINGS OF SHAREHOLDERS 8 ARTICLE 11 - PROCEEDINGS AT MEETINGS OF SHAREHOLDERS 10 ARTICLE 12 - VOTES OF SHAREHOLDERS 14 ARTICLE 13 - DIRECTORS 17 ARTICLE 14 - ELECTION AND REMOVAL OF DIRECTORS 18 ARTICLE 15 - POWERS AND DUTIES OF DIRECTORS 21 ARTICLE 16 - DISCLOSURE OF INTEREST OF DIRECTORS 21 ARTICLE 17 -PROCEEDINGS OF DIRECTORS 22 ARTICLE 18 - EXECUTIVE AND OTHER COMMITTEES 24 ARTICLE 19 - OFFICERS 26 ARTICLE 20 - INDEMNIFICATION 26 ARTICLE 21 - DIVIDENDS 27 ARTICLE 22 - DOCUMENTS, RECORDS AND REPORTS 29 ARTICLE 23 - NOTICES 29 ARTICLE 24 - SEAL 31 ARTICLE 25 - PROHIBITIONS 32 ARTICLE 26 - SPECIAL RIGHTS AND RESTRICTIONS ATTACHED TO SUBORDINATE VOTING SHARES 32 ARTICLE 27 -SPECIAL RIGHTS AND RESTRICTIONS ATTACHED TO PROPORTIONATE VOTING SHARES 35 ARTICLE 28 - SPECIAL RIGHTS AND RESTRICTIONS ATTACHED TO MULTIPLE VOTING SHARES 39 ARTICLE 29 ADVANCE NOTICE PROVISIONS 42 - ii - ARTICLE 30 - FORUM SELECTION 44
Consent Required for Transfer of Shares or Transfer Restricted Securities. The right to transfer securities of the Company shall be restricted. Securities of the Company, other than non-convertible debt securities, may not be transferred unless:

Related to Consent Required for Transfer of Shares or Transfer Restricted Securities

  • Transfer of Restricted Securities (a) Restricted Securities are transferable only pursuant to (i) Public Offerings, (ii) Rule 144 of the Securities and Exchange Commission (or any similar rule or rules then in force) if such rule or rules are available and (iii) subject to the conditions specified in clause (b) below, any other legally available means of transfer.

  • Transfer Restricted Securities The securities entitled to the benefits of this Agreement are the Transfer Restricted Securities.

  • Restriction on Transfer of Shares Proxies and Non-Interference. Beginning on the date hereof and ending on the later to occur of (A) last date the Stock Options are exercisable pursuant to Section 3 hereof and (B) the date that all of the Stockholder's obligations under Section 2 have terminated, except as contemplated by this Agreement or the Merger Agreement, no Stockholder shall, directly or indirectly, (i) offer for sale, sell, transfer, tender, pledge, encumber, assign or otherwise dispose of, or enter into any contract, option or other arrangement or understanding with respect to or consent to the offer for sale, sale, transfer, tender, pledge, encumbrance, assignment or other disposition of, any or all of the Shares or any interest therein; (ii) except as contemplated by this Agreement, grant any proxies or powers of attorney, deposit any of the Shares into a voting trust or enter into a voting agreement with respect to any of the Shares; or (iii) take any action that would make any representation or warranty of the Stockholder contained herein untrue or incorrect or have the effect of preventing or disabling the Stockholder from performing the Stockholder's obligations under this Agreement. Notwithstanding anything to the contrary provided in this Agreement, a Stockholder shall have the right to make Permitted Transfers of Shares. The Stockholder agrees with, and covenants to, Sub that beginning on the date hereof and ending on the last date the Stock Options are exercisable pursuant to Section 3 hereof, the Stockholder shall not request that the Company register the transfer (book-entry or otherwise) of any certificate or uncertificated interest representing any of the Shares, unless such transfer is made in compliance with this Agreement (including the provisions of Section 2 hereof).

  • Restrictions on Transfer of Shares No shares acquired upon exercise of the Option may be sold, exchanged, transferred (including, without limitation, any transfer to a nominee or agent of the Optionee), assigned, pledged, hypothecated or otherwise disposed of, including by operation of law, in any manner which violates any of the provisions of this Option Agreement, and any such attempted disposition shall be void. The Company shall not be required (a) to transfer on its books any shares which will have been transferred in violation of any of the provisions set forth in this Option Agreement or (b) to treat as owner of such shares or to accord the right to vote as such owner or to pay dividends to any transferee to whom such shares will have been so transferred.

  • Restriction on Transfer of Warrants The Holder of a Warrant Certificate, by the Holder's acceptance thereof, covenants and agrees that the Warrants are being acquired as an investment and not with a view to the distribution thereof, and that the Warrants may not be sold, transferred, assigned, hypothecated or otherwise disposed of, in whole or in part, for a period of one (1) year from the date hereof, except to the Designees.

  • Sale and Transfer of Shares Subject to the terms and conditions set forth in this Agreement, at the Closing, Seller shall sell, convey, assign, transfer and deliver the Shares to Purchaser, free and clear of all Liens (other than restrictions arising under the Securities Act or any other applicable state securities laws), and Purchaser shall purchase, acquire and accept the Shares from Seller.

  • No Transfer Restrictions The Depositor has not created, incurred or suffered to exist any restriction on transferability of the Receivables except for the restrictions on transferability imposed by this Agreement. The transfer of the Receivables and the Receivable Files by the Depositor to the Issuer pursuant to this Agreement is not subject to the bulk transfer laws or any similar statutory provisions in effect in any applicable jurisdiction.

  • Restriction on Transfer of Subject Securities Subject to Section 2.3, during the period from the date of this Agreement through the Proxy Expiration Date, Stockholder shall not, directly or indirectly, cause or permit any Transfer of any of the Subject Securities to be effected.

  • Lock-up; Transfer Restrictions (a) The Sponsor and the Insiders agree that they shall not Transfer any Founder Shares (the “Founder Shares Lock-up”) until the earliest of (A) one year after the completion of an initial Business Combination and (B) the date following the completion of an initial Business Combination on which the Company completes a liquidation, merger, share exchange or other similar transaction that results in all of the Company’s shareholders having the right to exchange their Ordinary Shares for cash, securities or other property (the “Founder Shares Lock-up Period”). Notwithstanding the foregoing, if, subsequent to a Business Combination, the closing price of the Ordinary Shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share capitalizations, share consolidations, reorganizations, recapitalizations and the like) for any 20 trading days within a 30-trading day period commencing at least 150 days after the Company’s initial Business Combination, the Founder Shares shall be released from the Founder Shares Lock-up.

  • Registration and Transfer of Shares (a) Any Transfer of any Shares shall only be completed subject to the compliance by the Member and the proposed transferee with all applicable laws; and furthermore may only be completed in accordance with the provisions of this Agreement.

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